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20121102
20121102
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CNBC 13
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CNBC
Nov 2, 2012 3:00pm EDT
doing the same thing. the u.s. chamber of commerce, though they didn't want us to have a camera in their phone banks, say they're also making millions of calls this weekend. everyone is trying to goose the turnout. the turnout by the two sides is what's going to tell us which of these poll models is correct. the likely voters are something that pollsters can only guess at. they're trying to turn likely voters into actual voters. >> all right, john. thanks so much. we'll keep watching that. very, very important component to this story. >>> 40 minutes before the closing bell sounds on wall street for friday. the market is under pressure today after being up 57 points on the better than expected jobs numbers. a complete reversal. we're looking at a triple-digit decline to end the week. >>> meantime, verizon is warning that now that superstorm sandy could significant hit its bottom line. what about at&t? has it been hit as well? comparing those two coming up next. >>> and how will sandy impact clorox? the ceo will join us exclusively later on the "closing bell." stay with ugh. ♪ ♪
CNBC
Nov 2, 2012 9:00am EDT
street." i'm sharon epperson at the nymex. u.s. jobs data sent gold prices sharply lower, below $1,700 an ounce. the first time we've seen gold this low since september 7th. we did see a lot of stocks go under way as we got the jobs data. oil prices are slightly lower, the stronger dollar pressuring oil prices as well as several e refineries still shut here along the east coast due to hurricane sandy and gasoline futures up slightly but the national average keeps coming down, $3.50, down 8 cents from a week ago, down 28 cents in the month. back to you, carl. >> thanks so much, sharon epperson. >>> the coast guard opening the port of new york and new jersey on a restricted basis allowing the backlog of barges allowing gasoline and fuel into the area. how soon might we see in the areas affected by sandy? good morning, kate. >> reporter: good morning, carl. i just returned from the dockses behind me where dry dock work ers are hoping to get themselves ready for new ships to be repaired as early as monday. they have a waterfront view of what's going on in the port of new york and ne
CNBC
Nov 2, 2012 4:00am EDT
. we have two areas of growth, china and the u.s. doing slightly better. not saying they're growing very fast, but they're not detak deterioratin deteriorating. that's very important. and in europe, you have a situation where i think the degradation is possibly troughing. >> given everything we've heard, i think if we didn't have this going forward, i think there may well be. but a lot of bad stuff coming in the corporate earnings from the made being a crow in europe. >> this is not a market being supported by earnings. the market is being supported by liquidity, asset allocation shifts out of bonds and people prepared to take a view the long term pe. if we look at the 1442, if we can get up above that level, then the rally is back on. but we were at a very important technical point yesterday. the second thing we're looking at today is the euro-dollar. the rate has been very stable, but it's been highly correlated with the s&p. about 80% correlated. the historic relationship is between plus or minus 20% correlation. it's a bullish figure that people will start to look at asset class
CNBC
Nov 2, 2012 1:00pm EDT
suspended the jones act. the jones act states that only u.s. flagships can carry goods from one u.s. port to another. now it is suspended non-u.s. flagships can also help bring petroleum products to areas where they are needed. of course it will take a while still for long gasoline lines to get shorter. for days now drivers throughout the new york area have had a very hard time getting gasoline. lines are sometimes half a mile long. >>> bertha coombs is on a tug in the harbor right now. that's going to be instrumental in getting more gasoline. >>> but first, kate kelly has more on the port situation in bayonne, new jersey. kate? >> reporter: thanks so much, michelle. we're here right in new york harbor where things today are slowly coming back to life after nearly a week in which this harbor was closed to marine vessels coming in and out. yesterday the coast guard opened this harbor for the first time in nearly a week. the port of new york and new jersey to boats with a special aim in mind, bringing gasoline and diesel to the city for much needed replenishment of empty fuel stations. ther
CNBC
Nov 2, 2012 4:00pm EDT
. >> what are you seeing in market demand globally? sales increased in the u.s. and abroad. are you seeing a stronger global story today? >> we are. about 2/3 of our business is in latin america. most of the latin american countries in the mid-single digits. we see better category growth in general. category growth in the u.s. is picking up, however. we saw about almost 1.5% to 2% category growth in the u.s. that's a big reversal from where it was two years ago where it was down 2%. we're starting to see the consumer stabilize in the u.s. we're certainly seeing better growth in latin america in particular. >> let me ask you about the implications of hurricane sandy. first off, these gas lines in new york. the story has been just horrible with people unable to get gasoline because these gas stations do not have power. has this impacted your business? >> it hasn't yet, maria. we have one major manufacturing facility in the path of the storm. that was in aberdeen, maryland. our folk there is had the plant shut down for about 24 hours from midday monday to midday tuesday. big issue has
CNBC
Nov 2, 2012 7:00pm EDT
to get their supporters out to vote, business, u.s. chambers doing exactly the same thing for the republicans. we're going to know on tuesday which side was more successful, larry. >> all right. john harwood. many thanks for that. >>> now president obama and mitt romney are crisscrossing the country in these critical final four days. obama's going to visit colorado, iowa, wisconsin, ohio, virginia, new hampshire, and florida. and an almost identical tour for romney excepts he swaps florida in favor of, get this, pennsylvania. very interesting. now you're going to be looking, there it is, live pictures of westchester, ohio, where a mitt romney rally is under way. tens of thousands there, and lines to come into the rally stretch out for six blocks. this is interesting. does team romney see an opening there? let's talk here now is democratic strategist robert shrum, columnist for "the daily beast" and ed rogers, republican strategist and former bush 41 deputy assistant. gentlemen, welcome back. >> good to be here. >> i want to begin with this thought. not the jobs thing. the jobs thi
CNBC
Nov 2, 2012 5:00pm EDT
to gross north of $40 million at the u.s. box office this weekend. it's a disney animation movie but it's drawing the kind of rave reviews usually reserved for pixar films, not disney animation. following the strong performance of "tangled" last year, disnis animation under the leadership of john lassiter is firmly on track. >> a potential upbeat story at the mouse house. how do the charts look going into earnings. to carter of oppenheimer. he nailed the direction of disney in the last three earnings reports so where is it going. >> i have two charts we can zero in on. the first is a daily chart and the thing that jumps out to the eye anyway, how orderly it is. perfect 45-degree angle and what's important when the market sold off in may and june, disney was impervious, now at the bottom of which is a well-defined channel and buy the weakness. long-term chart, disney just broken 0 out from tops that have been in effect since 1998. and usually when a breakout occurs like this it is not contained to a few points. we would play for much higher prices, 57, 58, short term. >> we want to br
CNBC
Nov 2, 2012 12:00pm EDT
through the center of the u.s. it is going to take a path right up along the east coast. we have a number of computer models that are going to come to consensus on how this will impact the region. it's certainly not going to be anything like sandy but it is going to add insult to injury as far as a recovery effort next week. stronger winds, some rainfall for the coast. it is going to be a rough midweek and as we get into latter part of the week on the back side of this weather system, more cold air just making for chilly conditions across that region. once again hampe the recovery effort. we'll send it back to you. >> i appreciate the update. thanks so much from our folks and friends at the weather channel. >>> let's do "pops & drops" now. biggest movers in midday trading on this friday. >> i'll drink to that, a lot of bourbon going down. beam beat top and bottom line. stock trading up strong. i like this stock. and their product. >> i bet you do. as does murphy but he's going to talk about floor. it's dropping today. fluor missed and the stock is getting hit. it held its 100-day moving a
CNBC
Nov 2, 2012 5:00am EDT
>>> welcome to worldwide exchange. here are your headlines. the final set of numbers on the u.s. jobs market before the election are out in just a few hours forecasts calling for another month of modest but not stellar payroll growth. >> dow, nasdaq post strongest session since mid september. >> the rising cost of sandy, one major risk modeling firm now says the economic losses from the storm could reach $50 billion. >> and china steps insecurity ahead of next week's com you uhe nis party congress. even model airplanes have been grounded. if you're just joining us, very good morning to you. this is where we stand. we are at the moment dow 24 points below fair value. let's show you where we is an with you're feuropean stocks. cac down half a percent, ftse 100 down 0.2%. let's show you some individual stocks in focus. losses on friday hurt by a sector wide slump. equipment maker cutting back spending down as you can see merely 7%. rbs coming out with results this morning. this is the uk bank with a government owned majority and part nationalized lending reporting an increase in th
CNBC
Nov 1, 2012 11:00pm EDT
that the u.s. matters. but let me use this rally today to help you understand the world of expectations. not reality. not reality at all, but expectations. >> house of pleasure. >> and how do expectations matter so much more than what has already happened? we're in the midst of earnings season. the bulk of industrial technology concerns are already reported. the first was that the united states was holding its own. maybe getting a little better. powerful consumer spend. the fiscal cliff looming but still the positive. second was that europe's a disaster and the most important thing you can do is distance yourself from the continent. ask companies like alcoa and ford. the third, that china had become a big disappointment. yeah, china. and it wasn't going to turn around any time soon. certainly not in time to help 2012. this pessimism came from a decline in orders. they all articulated such on a recent conference call. companies that have been optimistic that china was about to turn, that the growth was about to kick in collectively seemed to give up all at once on the coloss
CNBC
Nov 2, 2012 6:00am EDT
officially making landfall. that was in the u.s. as of 8:00 p.m. on on monday october the 29th. we originally saw previous landfall. as we progress into the northeast for today, light snowfall and rain for today. but the bigger concern is what's happening with the system that will be diving across the country. it's going to take a nose dive south of the system that's actually produce rain and snow across the dakotas. it will eventually take a nose dive south. and what that will do, there we go, here's a look at some of our spotty showers as well as our snowfall. again, a little bit of being a tip weather still knocking on the door of the northwest. here's a look at that system that i was telling you about. again, that will produce 1 to 4 inches of snow into portions of the dakotas as well as knocking on the door of northwestern minnesota. our storm system once it does track a little further east on sunday, things getting a difference from southeastern texas all the way up in to north carolina. now, as for those of you who are keeping tabs again on the weather across the middle east
CNBC
Nov 2, 2012 2:00pm EDT
u.s. dollar rallied. that makes more qe less likely. some disappointment with the payroll. some of the numbers were a little bit on the squishy side. weak hourly earnings and average hours worked. for example. then there is the political slant, a lot of people have argued that president obama wins, the favorable jobs report makes it more likely. i think the aftermath of sandy very powerful and affecting certainly new yorkers more than a lot of people anticipated. i'll stick with the dollar story. if you look how the market is reacting, the two sectors that are most dollar sensitive are notably the weakest sectors today. that tells you these are commodity based, materials and energy. that tells you that that dollar strength has had an impact. techs and financials also to the weak side. finally, if that doesn't impress you, the gld, your major exchange traded fund for gold. it is one-tenth the price of gold here, moving down sitting essentially at a multi--month low, at least a two-month low. mandy, what gets your attention, volume is truly heavy here. heading towards 13 million shar
CNBC
Nov 2, 2012 6:00pm EDT
bank like wells fargo, u.s. bancorp -- morgan stanley with tremendous exposure to the continent. that's why at times i've had to dismiss the earnings per share gates entirely at the moment if the cohort was radically out of favor. but i never just forgot them. instead i try to choose -- figure out which one's ten at times, break the sector of the gravitational pull and which one can shine. if the sector falls back into favor i got to be ready. in bottom 2009 remember the march bottom generational? we've seen many sectors retail and individual stocks within those sectors outperform. i like to listen to the earnings of all the retailers. at given times i am wrapped by the groups doing the best. by far the top performers during this period have been the discount stores, particularly the dollar stores. dollar general, dg, and dollar tree. when i see the markets tied at money going to retail i go back to my earnings report memory and i reach for these two. i know they have the most earnings momentum. i only know that because i keep listening to the calls. even though the group may have been
Search Results 0 to 12 of about 13